Illinois House advances sweeping megaprojects bill as Bears push for tweaks

1 min read
Source: Capitol News Illinois
Illinois House advances sweeping megaprojects bill as Bears push for tweaks
Photo: Capitol News Illinois
TL;DR

The Illinois House passed a sprawling megaprojects bill to authorize in-lieu-of-tax PILOT deals for large developments—potentially enabling a Bears domed stadium in Arlington Heights—with three tiers (25/30/40 years of tax relief), a seven-year sunset, and 50% of PILOT receipts directed to property-tax relief (60% to homeowners, 40% to the relief fund); the Bears want additional amendments, while the Senate and Governor will weigh in amid Indiana’s subsidy competition.

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